TIDMCWR

RNS Number : 5882Y

Ceres Power Holdings plc

05 May 2023

5 May 2023

Ceres Power Holdings plc

("Ceres Power" or "the Company")

Grant of Long Term Incentive Plan ("LTIP") Awards

Ceres Power Holdings plc (the "Company") announces the grant of LTIP share options on 4 May 2023 under the Ceres Power Holdings plc Long Term Incentive Plan (the "Plan") to the following Persons Discharging Managerial Responsibilities ("PDMRs"):

 
 Name                 Position                       No. share options 
                                                      granted 
 Philip Caldwell      CEO                            227273 
                     -----------------------------  ------------------ 
 Eric Lakin           Chief Financial Officer        142857 
                     -----------------------------  ------------------ 
 Anthony Cochrane     Chief Commercial Officer       116883 
                     -----------------------------  ------------------ 
 Caroline Hargrove    Chief Technology Officer       81818 
                     -----------------------------  ------------------ 
 Mark Garrett         Chief Operating Officer        81818 
                     -----------------------------  ------------------ 
                      General Counsel and Company 
 Deborah Grimason      Secretary                     77922 
                     -----------------------------  ------------------ 
 Clarissa de 
  Jager               Chief of IP                    31169 
                     -----------------------------  ------------------ 
 Michelle Traynor     People Director                30682 
                     -----------------------------  ------------------ 
 Mark Selby           Chief Innovation Officer       28052 
                     -----------------------------  ------------------

These LTIP share options are in respect of the Company's ordinary shares of 10 pence each and have a nominal value exercise price. Vesting of the options is conditional upon achieving certain challenging share price and commercial targets over their three-year performance period. A further two-year holding period in addition to the three-year vesting period applies to these awards.

The notification of dealing forms can be found below.

This notification is made in accordance with the requirements of the UK Market Abuse Regulation.

Notification of dealing form

 
  1    Details of the person discharging managerial responsibilities/ person closely associated 
 a)    Name                               Philip Caldwell 
      ---------------------------------  ----------------------------------------------------------------------------- 
  2    Reason for the notification 
      ---------------------------------------------------------------------------------------------------------------- 
 a)    Position/Status                    PDMR 
      ---------------------------------  ----------------------------------------------------------------------------- 
 b)    Initial notification/Amendment     Initial notification 
      ---------------------------------  ----------------------------------------------------------------------------- 
  3    Details of the issuer, emission allowance market participant, auction platform, auctioneer 
        or auction monitor 
      ---------------------------------------------------------------------------------------------------------------- 
 a)    Name                               Ceres Power Holdings plc 
      ---------------------------------  ----------------------------------------------------------------------------- 
 b)    LEI                                213800N7AAHSXQUOA733 
      ---------------------------------  ----------------------------------------------------------------------------- 
  4    Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) 
        each type of transaction; (iii) each date; and; (iv) each place where transaction have been 
        conducted 
      ---------------------------------------------------------------------------------------------------------------- 
 a)    Description of the financial       Nominal value share options over Ordinary Shares of 10 pence each 
       instrument,                         ISIN: GB00BG5KQW09 
       type of instrument 
       Identification code 
      ---------------------------------  ----------------------------------------------------------------------------- 
 b)    Nature of the transaction          Grant of Long Term Incentive Plan Awards 
      ---------------------------------  ----------------------------------------------------------------------------- 
 c)    Price(s) and volume (s)            Price(s)                                 Volume(s) 
      ---------------------------------  ---------------------------------------  ------------------------------------ 
                                                           10p                                   227273 
 --------------------------------------  ---------------------------------------  ------------------------------------ 
 d)    Aggregated information             Aggregate Price               Aggregate Volume     Aggregate Total 
        -Aggregated volume 
        -Price 
      ---------------------------------  ----------------------------  -------------------  -------------------------- 
                                                      10p                     227273               GBP22,727.27 
 --------------------------------------  ----------------------------  -------------------  -------------------------- 
 e)    Date of the transaction            4 May 2023 
      ---------------------------------  ----------------------------------------------------------------------------- 
 f)    Place of the transaction           N/A 
      ---------------------------------  ----------------------------------------------------------------------------- 
 
 
 
  1    Details of the person discharging managerial responsibilities/ person closely associated 
 a)    Name                               Eric Lakin 
      ---------------------------------  ----------------------------------------------------------------------------- 
  2    Reason for the notification 
      ---------------------------------------------------------------------------------------------------------------- 
 a)    Position/Status                    PDMR 
      ---------------------------------  ----------------------------------------------------------------------------- 
 b)    Initial notification/Amendment     Initial notification 
      ---------------------------------  ----------------------------------------------------------------------------- 
  3    Details of the issuer, emission allowance market participant, auction platform, auctioneer 
        or auction monitor 
      ---------------------------------------------------------------------------------------------------------------- 
 a)    Name                               Ceres Power Holdings plc 
      ---------------------------------  ----------------------------------------------------------------------------- 
 b)    LEI                                213800N7AAHSXQUOA733 
      ---------------------------------  ----------------------------------------------------------------------------- 
  4    Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) 
        each type of transaction; (iii) each date; and; (iv) each place where transaction have been 
        conducted 
      ---------------------------------------------------------------------------------------------------------------- 
 a)    Description of the financial       Nominal value share options over Ordinary Shares of 10 pence each 
       instrument,                         ISIN: GB00BG5KQW09 
       type of instrument 
       Identification code 
      ---------------------------------  ----------------------------------------------------------------------------- 
 b)    Nature of the transaction          Grant of Long Term Incentive Plan Awards 
      ---------------------------------  ----------------------------------------------------------------------------- 
 c)    Price(s) and volume (s)            Price(s)                                 Volume(s) 
      ---------------------------------  ---------------------------------------  ------------------------------------ 
                                                           10p                                   142857 
 --------------------------------------  ---------------------------------------  ------------------------------------ 
 d)    Aggregated information             Aggregate Price               Aggregate Volume     Aggregate Total 
        -Aggregated volume 
        -Price 
      ---------------------------------  ----------------------------  -------------------  -------------------------- 
                                                      10p                     142857               GBP14,285.71 
 --------------------------------------  ----------------------------  -------------------  -------------------------- 
 e)    Date of the transaction            4 May 2023 
      ---------------------------------  ----------------------------------------------------------------------------- 
 f)    Place of the transaction           N/A 
      ---------------------------------  ----------------------------------------------------------------------------- 
 
 
 
  1    Details of the person discharging managerial responsibilities/ person closely associated 
 a)    Name                               Anthony Cochrane 
      ---------------------------------  ----------------------------------------------------------------------------- 
  2    Reason for the notification 
      ---------------------------------------------------------------------------------------------------------------- 
 a)    Position/Status                    PDMR 
      ---------------------------------  ----------------------------------------------------------------------------- 

 b)    Initial notification/Amendment     Initial notification 
      ---------------------------------  ----------------------------------------------------------------------------- 
  3    Details of the issuer, emission allowance market participant, auction platform, auctioneer 
        or auction monitor 
      ---------------------------------------------------------------------------------------------------------------- 
 a)    Name                               Ceres Power Holdings plc 
      ---------------------------------  ----------------------------------------------------------------------------- 
 b)    LEI                                213800N7AAHSXQUOA733 
      ---------------------------------  ----------------------------------------------------------------------------- 
  4    Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) 
        each type of transaction; (iii) each date; and; (iv) each place where transaction have been 
        conducted 
      ---------------------------------------------------------------------------------------------------------------- 
 a)    Description of the financial       Nominal value share options over Ordinary Shares of 10 pence each 
       instrument,                         ISIN: GB00BG5KQW09 
       type of instrument 
       Identification code 
      ---------------------------------  ----------------------------------------------------------------------------- 
 b)    Nature of the transaction          Grant of Long Term Incentive Plan Awards 
      ---------------------------------  ----------------------------------------------------------------------------- 
 c)    Price(s) and volume (s)            Price(s)                                 Volume(s) 
      ---------------------------------  ---------------------------------------  ------------------------------------ 
                                                           10p                                   116883 
 --------------------------------------  ---------------------------------------  ------------------------------------ 
 d)    Aggregated information             Aggregate Price               Aggregate Volume     Aggregate Total 
        -Aggregated volume 
        -Price 
      ---------------------------------  ----------------------------  -------------------  -------------------------- 
                                                      10p                     116883               GBP11,688.31 
 --------------------------------------  ----------------------------  -------------------  -------------------------- 
 e)    Date of the transaction            4 May 2023 
      ---------------------------------  ----------------------------------------------------------------------------- 
 f)    Place of the transaction           N/A 
      ---------------------------------  ----------------------------------------------------------------------------- 
 
 
 
  1    Details of the person discharging managerial responsibilities/ person closely associated 
 a)    Name                               Caroline Hargrove 
      ---------------------------------  ----------------------------------------------------------------------------- 
  2    Reason for the notification 
      ---------------------------------------------------------------------------------------------------------------- 
 a)    Position/Status                    PDMR 
      ---------------------------------  ----------------------------------------------------------------------------- 
 b)    Initial notification/Amendment     Initial notification 
      ---------------------------------  ----------------------------------------------------------------------------- 
  3    Details of the issuer, emission allowance market participant, auction platform, auctioneer 
        or auction monitor 
      ---------------------------------------------------------------------------------------------------------------- 
 a)    Name                               Ceres Power Holdings plc 
      ---------------------------------  ----------------------------------------------------------------------------- 
 b)    LEI                                213800N7AAHSXQUOA733 
      ---------------------------------  ----------------------------------------------------------------------------- 
  4    Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) 
        each type of transaction; (iii) each date; and; (iv) each place where transaction have been 
        conducted 
      ---------------------------------------------------------------------------------------------------------------- 
 a)    Description of the financial       Nominal value share options over Ordinary Shares of 10 pence each 
       instrument,                         ISIN: GB00BG5KQW09 
       type of instrument 
       Identification code 
      ---------------------------------  ----------------------------------------------------------------------------- 
 b)    Nature of the transaction          Grant of Long Term Incentive Plan Awards 
      ---------------------------------  ----------------------------------------------------------------------------- 
 c)    Price(s) and volume (s)            Price(s)                                 Volume(s) 
      ---------------------------------  ---------------------------------------  ------------------------------------ 
                                                           10p                                    81818 
 --------------------------------------  ---------------------------------------  ------------------------------------ 
 d)    Aggregated information             Aggregate Price               Aggregate Volume     Aggregate Total 
        -Aggregated volume 
        -Price 
      ---------------------------------  ----------------------------  -------------------  -------------------------- 
                                                      10p                     81818                 GBP8,181.82 
 --------------------------------------  ----------------------------  -------------------  -------------------------- 
 e)    Date of the transaction            4 May 2023 
      ---------------------------------  ----------------------------------------------------------------------------- 
 f)    Place of the transaction           N/A 
      ---------------------------------  ----------------------------------------------------------------------------- 
 
 
 
  1    Details of the person discharging managerial responsibilities/ person closely associated 
 a)    Name                               Mark Garrett 
      ---------------------------------  ----------------------------------------------------------------------------- 
  2    Reason for the notification 
      ---------------------------------------------------------------------------------------------------------------- 
 a)    Position/Status                    PDMR 
      ---------------------------------  ----------------------------------------------------------------------------- 
 b)    Initial notification/Amendment     Initial notification 
      ---------------------------------  ----------------------------------------------------------------------------- 
  3    Details of the issuer, emission allowance market participant, auction platform, auctioneer 
        or auction monitor 
      ---------------------------------------------------------------------------------------------------------------- 
 a)    Name                               Ceres Power Holdings plc 
      ---------------------------------  ----------------------------------------------------------------------------- 
 b)    LEI                                213800N7AAHSXQUOA733 
      ---------------------------------  ----------------------------------------------------------------------------- 
  4    Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) 
        each type of transaction; (iii) each date; and; (iv) each place where transaction have been 
        conducted 
      ---------------------------------------------------------------------------------------------------------------- 
 a)    Description of the financial       Nominal value share options over Ordinary Shares of 10 pence each 
       instrument,                         ISIN: GB00BG5KQW09 
       type of instrument 
       Identification code 
      ---------------------------------  ----------------------------------------------------------------------------- 
 b)    Nature of the transaction          Grant of Long Term Incentive Plan Awards 
      ---------------------------------  ----------------------------------------------------------------------------- 
 c)    Price(s) and volume (s)            Price(s)                                 Volume(s) 
      ---------------------------------  ---------------------------------------  ------------------------------------ 
                                                           10p                                    81818 
 --------------------------------------  ---------------------------------------  ------------------------------------ 
 d)    Aggregated information             Aggregate Price               Aggregate Volume     Aggregate Total 
        -Aggregated volume 
        -Price 
      ---------------------------------  ----------------------------  -------------------  -------------------------- 
                                                      10p                     81818                 GBP8,181.82 
 --------------------------------------  ----------------------------  -------------------  -------------------------- 
 e)    Date of the transaction            4 May 2023 
      ---------------------------------  ----------------------------------------------------------------------------- 
 f)    Place of the transaction           N/A 
      ---------------------------------  ----------------------------------------------------------------------------- 
 
 
 

  1    Details of the person discharging managerial responsibilities/ person closely associated 
 a)    Name                               Deborah Grimason 
      ---------------------------------  ----------------------------------------------------------------------------- 
  2    Reason for the notification 
      ---------------------------------------------------------------------------------------------------------------- 
 a)    Position/Status                    PDMR 
      ---------------------------------  ----------------------------------------------------------------------------- 
 b)    Initial notification/Amendment     Initial notification 
      ---------------------------------  ----------------------------------------------------------------------------- 
  3    Details of the issuer, emission allowance market participant, auction platform, auctioneer 
        or auction monitor 
      ---------------------------------------------------------------------------------------------------------------- 
 a)    Name                               Ceres Power Holdings plc 
      ---------------------------------  ----------------------------------------------------------------------------- 
 b)    LEI                                213800N7AAHSXQUOA733 
      ---------------------------------  ----------------------------------------------------------------------------- 
  4    Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) 
        each type of transaction; (iii) each date; and; (iv) each place where transaction have been 
        conducted 
      ---------------------------------------------------------------------------------------------------------------- 
 a)    Description of the financial       Nominal value share options over Ordinary Shares of 10 pence each 
       instrument,                         ISIN: GB00BG5KQW09 
       type of instrument 
       Identification code 
      ---------------------------------  ----------------------------------------------------------------------------- 
 b)    Nature of the transaction          Grant of Long Term Incentive Plan Awards 
      ---------------------------------  ----------------------------------------------------------------------------- 
 c)    Price(s) and volume (s)            Price(s)                                 Volume(s) 
      ---------------------------------  ---------------------------------------  ------------------------------------ 
                                                           10p                                    77922 
 --------------------------------------  ---------------------------------------  ------------------------------------ 
 d)    Aggregated information             Aggregate Price               Aggregate Volume     Aggregate Total 
        -Aggregated volume 
        -Price 
      ---------------------------------  ----------------------------  -------------------  -------------------------- 
                                                      10p                     77922                 GBP7,792.21 
 --------------------------------------  ----------------------------  -------------------  -------------------------- 
 e)    Date of the transaction            4 May 2023 
      ---------------------------------  ----------------------------------------------------------------------------- 
 f)    Place of the transaction           N/A 
      ---------------------------------  ----------------------------------------------------------------------------- 
 
 
 
  1    Details of the person discharging managerial responsibilities/ person closely associated 
 a)    Name                               Clarissa de Jager 
      ---------------------------------  ----------------------------------------------------------------------------- 
  2    Reason for the notification 
      ---------------------------------------------------------------------------------------------------------------- 
 a)    Position/Status                    PDMR 
      ---------------------------------  ----------------------------------------------------------------------------- 
 b)    Initial notification/Amendment     Initial notification 
      ---------------------------------  ----------------------------------------------------------------------------- 
  3    Details of the issuer, emission allowance market participant, auction platform, auctioneer 
        or auction monitor 
      ---------------------------------------------------------------------------------------------------------------- 
 a)    Name                               Ceres Power Holdings plc 
      ---------------------------------  ----------------------------------------------------------------------------- 
 b)    LEI                                213800N7AAHSXQUOA733 
      ---------------------------------  ----------------------------------------------------------------------------- 
  4    Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) 
        each type of transaction; (iii) each date; and; (iv) each place where transaction have been 
        conducted 
      ---------------------------------------------------------------------------------------------------------------- 
 a)    Description of the financial       Nominal value share options over Ordinary Shares of 10 pence each 
       instrument,                         ISIN: GB00BG5KQW09 
       type of instrument 
       Identification code 
      ---------------------------------  ----------------------------------------------------------------------------- 
 b)    Nature of the transaction          Grant of Long Term Incentive Plan Awards 
      ---------------------------------  ----------------------------------------------------------------------------- 
 c)    Price(s) and volume (s)            Price(s)                                 Volume(s) 
      ---------------------------------  ---------------------------------------  ------------------------------------ 
                                                           10p                                    31169 
 --------------------------------------  ---------------------------------------  ------------------------------------ 
 d)    Aggregated information             Aggregate Price               Aggregate Volume     Aggregate Total 
        -Aggregated volume 
        -Price 
      ---------------------------------  ----------------------------  -------------------  -------------------------- 
                                                      10p                     31169                 GBP3,116.88 
 --------------------------------------  ----------------------------  -------------------  -------------------------- 
 e)    Date of the transaction            4 May 2023 
      ---------------------------------  ----------------------------------------------------------------------------- 
 f)    Place of the transaction           N/A 
      ---------------------------------  ----------------------------------------------------------------------------- 
 
 
 
  1    Details of the person discharging managerial responsibilities/ person closely associated 
 a)    Name                               Michelle Traynor 
      ---------------------------------  ----------------------------------------------------------------------------- 
  2    Reason for the notification 
      ---------------------------------------------------------------------------------------------------------------- 
 a)    Position/Status                    PDMR 
      ---------------------------------  ----------------------------------------------------------------------------- 
 b)    Initial notification/Amendment     Initial notification 
      ---------------------------------  ----------------------------------------------------------------------------- 
  3    Details of the issuer, emission allowance market participant, auction platform, auctioneer 
        or auction monitor 
      ---------------------------------------------------------------------------------------------------------------- 
 a)    Name                               Ceres Power Holdings plc 
      ---------------------------------  ----------------------------------------------------------------------------- 
 b)    LEI                                213800N7AAHSXQUOA733 
      ---------------------------------  ----------------------------------------------------------------------------- 
  4    Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) 
        each type of transaction; (iii) each date; and; (iv) each place where transaction have been 
        conducted 
      ---------------------------------------------------------------------------------------------------------------- 
 a)    Description of the financial       Nominal value share options over Ordinary Shares of 10 pence each 
       instrument,                         ISIN: GB00BG5KQW09 
       type of instrument 
       Identification code 
      ---------------------------------  ----------------------------------------------------------------------------- 
 b)    Nature of the transaction          Grant of Long Term Incentive Plan Awards 
      ---------------------------------  ----------------------------------------------------------------------------- 
 c)    Price(s) and volume (s)            Price(s)                                 Volume(s) 
      ---------------------------------  ---------------------------------------  ------------------------------------ 
                                                           10p                                    30682 
 --------------------------------------  ---------------------------------------  ------------------------------------ 
 d)    Aggregated information             Aggregate Price               Aggregate Volume     Aggregate Total 
        -Aggregated volume 
        -Price 
      ---------------------------------  ----------------------------  -------------------  -------------------------- 

                                                      10p                     30682                 GBP3,068.18 
 --------------------------------------  ----------------------------  -------------------  -------------------------- 
 e)    Date of the transaction            4 May 2023 
      ---------------------------------  ----------------------------------------------------------------------------- 
 f)    Place of the transaction           N/A 
      ---------------------------------  ----------------------------------------------------------------------------- 
 
 
 
  1    Details of the person discharging managerial responsibilities/ person closely associated 
 a)    Name                               Mark Selby 
      ---------------------------------  ----------------------------------------------------------------------------- 
  2    Reason for the notification 
      ---------------------------------------------------------------------------------------------------------------- 
 a)    Position/Status                    PDMR 
      ---------------------------------  ----------------------------------------------------------------------------- 
 b)    Initial notification/Amendment     Initial notification 
      ---------------------------------  ----------------------------------------------------------------------------- 
  3    Details of the issuer, emission allowance market participant, auction platform, auctioneer 
        or auction monitor 
      ---------------------------------------------------------------------------------------------------------------- 
 a)    Name                               Ceres Power Holdings plc 
      ---------------------------------  ----------------------------------------------------------------------------- 
 b)    LEI                                213800N7AAHSXQUOA733 
      ---------------------------------  ----------------------------------------------------------------------------- 
  4    Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) 
        each type of transaction; (iii) each date; and; (iv) each place where transaction have been 
        conducted 
      ---------------------------------------------------------------------------------------------------------------- 
 a)    Description of the financial       Nominal value share options over Ordinary Shares of 10 pence each 
       instrument,                         ISIN: GB00BG5KQW09 
       type of instrument 
       Identification code 
      ---------------------------------  ----------------------------------------------------------------------------- 
 b)    Nature of the transaction          Grant of Long Term Incentive Plan Awards 
      ---------------------------------  ----------------------------------------------------------------------------- 
 c)    Price(s) and volume (s)            Price(s)                                 Volume(s) 
      ---------------------------------  ---------------------------------------  ------------------------------------ 
                                                           10p                                    28052 
 --------------------------------------  ---------------------------------------  ------------------------------------ 
 d)    Aggregated information             Aggregate Price               Aggregate Volume     Aggregate Total 
        -Aggregated volume 
        -Price 
      ---------------------------------  ----------------------------  -------------------  -------------------------- 
                                                      10p                     28052                 GBP2,805.19 
 --------------------------------------  ----------------------------  -------------------  -------------------------- 
 e)    Date of the transaction            4 May 2023 
      ---------------------------------  ----------------------------------------------------------------------------- 
 f)    Place of the transaction           N/A 
      ---------------------------------  -----------------------------------------------------------------------------

For further information visit www.ceres.tech or contact:

 
 Ceres Power Holdings plc            Tel: +44 (0)7752 470802 
  Marianne Millard (Deputy Company 
  Secretary) 
 Investec Bank PLC (NOMAD & Joint    Tel: +44 (0)207 597 5970 
  Broker) 
  James Rudd / Patrick Robb/ Ben 
  Griffiths 
 Berenberg (Joint Broker)            Tel: +44 (0)203 207 7800 
  Ben Wright/ Mark Whitmore 
 FTI Consulting (PR Adviser)         Tel: +44 (0)203 727 1000 
  Dwight Burden                       Email: ceres_power@fticonsulting.com

About Ceres Power

Ceres is a world-leading developer of electrochemical technologies: fuel cells for power generation, electrolysis for the creation of green hydrogen and energy storage. Its asset-light, licensing model has seen it establish partnerships with some of the world's largest engineering and technology companies, such as Weichai in China, Bosch in Germany, Miura in Japan, and Doosan in Korea, to develop systems and products that address climate change for power generation, transportation, industry, data centres and everyday living. Ceres is listed on the AIM market of the London Stock Exchange ("LSE") (AIM: CWR) and is classified by the LSE Green Economy Mark, which recognises listed companies that derive more than 50% of their activity from the green economy.

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END

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(END) Dow Jones Newswires

May 05, 2023 05:30 ET (09:30 GMT)

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